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La coordinación de políticas presupuestarias en España, 2007-2012

Author

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  • Joan Rosselló Villalonga

    (Universitat Illes Balears)

Abstract

Data on the fiscal deficits of Spanish public Administrations from 2007-2011 show a significant deviation with respect to the targets fixed for this period. This occurs even though those stability targets were approved both by the central Administration and the autonomous communities in the budgetary coordination mechanisms developed in the Law of Budgetary Stability. We argue that one of the main arguments that explain these deviations is the failure in the current coordination mechanisms. We focus our analysis on the agreements within the Council of Fiscal and Financial Policy, CFFP, procedure that regulates the coordination of budgetary policies among central and regional administrations. Due to the found significant failures in the procedure, we conclude that there is a need to accomplish a revision of the CFFP.

Suggested Citation

  • Joan Rosselló Villalonga, 2013. "La coordinación de políticas presupuestarias en España, 2007-2012," EKONOMIAZ. Revista vasca de Economía, Gobierno Vasco / Eusko Jaurlaritza / Basque Government, vol. 83(02), pages 297-329.
    • Handle: RePEc:ekz:ekonoz:2013212
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    Cited by:

    1. International Monetary Fund, 2015. "Spain: Selected Issues," IMF Staff Country Reports 2015/233, International Monetary Fund.

    More about this item

    Keywords

    budgetary coordination mechanisms; budgetary stability; public debt; fiscal rules;
    All these keywords.

    JEL classification:

    • H72 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Budget and Expenditures
    • H74 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Borrowing
    • H77 - Public Economics - - State and Local Government; Intergovernmental Relations - - - Intergovernmental Relations; Federalism

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